Blockchain Technology in Supply Chain Management

Blockchain technology is revolutionizing supply chain management by providing unprecedented transparency and traceability in raw material sourcing and distribution.

Blockchain Benefits

• Transparency: Complete visibility into supply chain operations
• Traceability: Track materials from source to end product
• Security: Immutable records preventing fraud and counterfeiting
• Efficiency: Automated processes through smart contracts

Implementation Challenges

While promising, blockchain adoption faces challenges including scalability, energy consumption, and the need for industry-wide standards.